Outlook for next week

1. Bitcoin: With the release of more macro data this week, expectations of a U.S. recession have eased somewhat, and the Fed is expected to cut interest rates by 25BP in September, negating previous speculation of an early rate cut. However, due to global geopolitical instability and disagreements on the extent of future rate cuts, Bitcoin is expected to continue to fluctuate widely before the Fed cuts interest rates.

2. Ethereum: Ethereum spot ETF funds continued to outflow this week, indicating that Ethereum at this stage is not very attractive, so it will not go out of its own trend. It is expected that it will still maintain a strong correlation with Bitcoin and fluctuate widely.

3. Altcoin: Although Altcoin is stronger than the market this week and has made up for the rise last week, because there has not been a lot of capital flowing into Crypto in the near future, Altcoin lacks the motivation to continue to rise. It is expected that this compensatory rise may end next week and fluctuate at the same frequency as the market.